CONTAINER MARKET

Container Market

A mentionable contribution from the container sector would include MarineXpedition at one point Bangladesh’s number one carrier for liner service between Singapore, Malaysia, Srilanka, UAE and Bangladesh. Company owned and chartered container vessel’s carried goods for industry elites like, Maersk, Hapag Lloyd, Evergreen, P&O etc. The legacy of the esteemed line faced closure with the introduction of MLO’s bringing their own vessels in the market. Market saturation resulting in depressed freight rates marked the common sentiment that deemed the service not viable. Although the company discontinued feedering container vessels, all other vertically integrated shipping activities continued and grew with the same precedent of value added service. The pride of a modern vessel adding to our fleet arrived in 2006 with the company’s first new build CV1100 container vessel, two more CV1100’s were added in 2007 and 2008 respectively. Three new-­-build vessels were manufactured it renowned ship building yards in China. The accomplishment of operating a brand new vessel was the first and still remains the only for a ship owner with Bangladeshi origins.